Euro Watch Continues
Marc Dupee will be out of the office until
October 9. Until his return, this column will be written by TradersWire’s Duke
Heberlein.
The euro watch continues as everyone awaits the results of the voting in
Denmark on whether or not to join the European Monetary Union. Thursday morning’s
polling had the nays leading by a margin of around 52% against to 48% in favor
of accepting the Euro FX
(
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PowerRating) as the currency. The currency is trading
down again, losing .0008 to trade at .8861. The December dollar index futures
(
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PowerRating) (off the Pullback
From Highs List) while still unable to come out of its pullback, are trading
higher in the normal inverse relation to the Euro, up .19 to 113.06.
The NASDAQ 100 futures
(
NDZ0 |
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PowerRating) mentioned on the Turtle
Soup Plus One Buy indicators, have broken out from the setup, now up 67 to
3712.
February pork bellies
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PowerRating) appear to be following through
after breaking above its downward trendline Wednesday. Following a gap-up
opening Thursday morning, bellies are now up 1.25 at 67.00, hitting an intraday
high of 68.00.
Finally, March sugar
(
SBH1 |
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PowerRating) mentioned by David Landry the
last two nights in his “Futures Trading Outlook,” looks as if it has started to
fall out of its pullback from lows, losing .08 and now trading at 9.31.